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BOA GRANTS ONE FORMAL AND TWO IN-PRINCIPAL APPROVALS
Date : 13 Jul 2010
Location : New Delhi
The Board of Approval of the Special Economic Zones (SEZs) met today to consider proposals for setting up of Special Economic Zones and also to approve other miscellaneous requests pertaining to SEZs.
Addressing the Board of Approval members, the Chairman informed that so far 575 formal approvals have been granted for setting up of SEZs out of which 358 have been notified. He further informed that over Rs1,48,489 crore have been invested in the Special Economic Zones during this short span of time and direct employment of the order of 5,03,611 persons has been generated in the Special Economic Zones. During the financial year 2009-10, total exports of Rs.2,20,711 crore has been made from SEZs.
In this meeting, the Board recommended grant of One Formal Approval and Two In-Principal Approvals.
· Formal Approvals:
Ø IT/ITES - M/s. Infoparks, Taluk Kunnathunad, District Ernakulam, Kerala.
· In-Principal Approvals:
Ø Electronics Hardware and Software - M/s. Videocon Industries Limited at Navi Mumbai, Maharashtra.
Ø Steel – M/s. Coastal Ferrotech Limited at Fatehpur(PO), Nandkumar(PS), Haldia East Mednipur, West Bengal.
Among other items, two proposals for grant of co-developer status were approved.
Ø M/s. L&T Phoenix Infoparks Pvt. Ltd., IT/ITES at Gachibowli village, Serillingampally Mandal, R.R. district, Andhra Pradesh, M/s. Phoenix Techno City Private Limited as co-developer.
Ø M/s. Indiabulls Industrial Infrastructure Limited, Multi product at villages Musalgaon and gulvanch, Taluka Sinnar, District Nasik, Maharashtra, M/s. Indiabulls Water Supply and Waste Management Service Limited as a co-developer.
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RJ/MRS
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